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to jon carl who first breck this story, the story of a framework last night. jon, dan used the word at the top of the broadcast, the emphasis here is on "fragile." >> that's right. the details are still being worked out. you know how important the details are, and nobody has signed on the dotted line yet. but i am told congressional leaders will brief their membership on the framework of this tentative deal later this morning. >> majority leader. >> late last night, senate majority leader, harry reid called off a vote on the debt ceiling plan, citing progress towards a deal. >> i'm glad to see this move toward cooperation and compromise. i hope it bears fruit. >> reporter: congressional sources tell abc news that two sides have tentatively agreed to a framework that includes a debt ceiling increase of up to $2.4 trillion, enough to last through the presidential election. agreement on more than $1 trillionon ispending cuts in the next ten years and a new special congressional committee to recommend additional deficit reduction of more than a trillion dollars. if congress doesn't act
are saying it can be done. failure to do it would lead to economic meltdown. >> jon, thank you very much. joining me to discuss the road ahead is the white house chief of staff bill daley. thank you very much for joining us. you've heard what jon said. you've seen what speaker boehner has done last night. what's your reaction to the deal being pulled right now? >> it's very unfortunate the speaker made the comments he has. the president is committed to solving this deficit possible for the future of america. he's looking forward to the meeting to play out his case. he's saying, it is time now to make the tough decisions. in this town, generally they kick the can. nobody wants to do the tough things. he's committed to do that. he's not giving up on trying to bring economic sanity to the city and that's his goal. >> is he still committed to the mega-deal, so to speak? because this is what is floated in the last several days that speaker boehner said no longer possible. will the president continue to push for that? >> the president believes it is time to solve this problem. time to give con
answers from our two guests today. budget director, jack lew and jon kyl. two people around the negotiating table. in the meantime, also the report about wanting to go back to the grabbed bargain. speaker boehner said he wants to do that. the president said he wants to do that. the question is whether they can get elements on boararto pass such a thing. that, also is something that is being required right now by the ratings agency. moodys. standards & poors. said they must have some credible deficit reduction plan, 4 trillion or so over the next 10 years because of the way they are looking at the u.s. dollar and threatening to downgrade u.s. credit worthiness, and add to the catastrophic woes a default can bring. >> if we do not have a plan by this friday we will not meet the august 2nd deadline. all right. cristiane, a lot of tension there in washington. be sure to join christiane where she sits down with office of management and budget, jacob lew and senate minority whip, jon kyl on "this week." >> now, filling in for ron claiborne once again is abc's andrea canning. >> go
senator jon kyl. and the "roundtable" debate the politics of the divide. plus -- >> i apologize. >> rupert murdoch under fire. heads roll at his media empire, but will that be enough to save it? >>> and in africa, a cry for help. millions, threatened by an epic drought, the worst in 60 years. we'll take you there. then, we're live from germany where the american woman's soccer team has a shot at making history. >> announcer: live from the newseum in washington, "this week" with christiane amanpour starts right now. >>> welcome to the program. we've got lots to get to this morning. but, first, some headlines since your morning papers. there is breaking news to report in london. the bbc has learned that rebecca brooks, rupert murdoch's top lieutenant in the uk has been arrested on suspicion of corruption. earlier she resigned from her position as chief executive of news international. in the wake of the scandal rocking the murdoch empire. much more on this developing story later in the program. >>> casey anthony is a free woman this morning. she walked out of jail just after midnight, 12 day
Search Results 0 to 3 of about 4